Implementing Sector: | State |
Category: | Financial Incentive |
State: | Montana |
Incentive Type: | Personal Tax Credit |
Web Site: | http://deq.mt.gov/Energy/EnergizeMT/Renewable/TaxIncentRenew#nonfossilgeneration |
Administrator: | Montana Department of Environmental Quality |
Start Date: | 01/01/2002 |
Eligible Renewable/Other Technologies: | Solar - Passive, Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Photovoltaics, Wind (All), Biomass, Geothermal Heat Pumps, Wind (Small), Hydroelectric (Small), Geothermal Direct-Use, Fuel Cells using Renewable Fuels |
Incentive Amount: | 100% |
Maximum Incentive: | $500 per individual taxpayer; up to $1,000 per household. |
Equipment Requirements: | Systems must be new and in compliance with all applicable performance and safety standards |
Carryover Provisions: | Excess credit may be carried forward four years |
Name: | MCA § 15-32-201 |
Date Enacted: | 2001 |
Effective Date: | 1/1/2002 |
Expiration Date: | none |
Technologies: | Solar - Passive, Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Photovoltaics, Wind (All), Biomass, Geothermal Heat Pumps, Wind (Small), Hydroelectric (Small), Geothermal Direct-Use, Fuel Cells using Renewable Fuels |
Sectors: | Residential, Low Income Residential |
Parameters: | The incentive is 100.00 %, The incentive has a maximum of $1000.00 |
Residential taxpayers who install an energy system using a recognized non-fossil form of energy on their home after December 31, 2001 are eligible for a tax credit equal to the amount of the cost of the system and installation of the system, not to exceed $500. This cap is for individual taxpayers, so married taxpayers filing jointly can get a tax credit of up to $1,000 per household. The tax credit may be carried over for the following four taxable years.
Recognized non-fossil forms of energy generation include systems that generate energy from solar, wind, solid waste, geothermal, fuel cells, biomass, wood waste, or small hydropower systems.
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